economy | Cyprus Updates

Posts Tagged "economy"

Check out all of the posts tagged with "economy".

Cyprus applied for EU bailout

The government announced yesterday afternoon that it has officially requested financial assistance from EU rescue funds (EFSF/ESM). The announcement hints that talks for a Russian loan might have failed or are being delayed while the ...

Jun, 26

Cyprus now tops the list of the riskiest sovereign credit

According to findings of the Credit Information Specialist CMA covering the first quarter or 2012, Cyprus is now ranking as the number one nation in the list of countries who might not be able to pay their debts in the next five years.

Apr, 17

When you thought electricity prices were already high..

According to an article in today’s issue of Politis newspaper there will be an additional increase in the price of electricity because of yesterdays blackout.

Apr, 05

1+ billion euro in losses for Bank of Cyprus due to Greek debt

Bank of Cyprus announced yesterday that according to the preliminary financial results of 2011, it took a hit of about 1.32 billion euro.

Feb, 22

Unemployment Rate is Skyrocketing, reached 9.3%

During the past 12 months Cyprus faced the second largest increase in its unemployment rate compared to the rest of European Union. Statistics made public yesterday by Eurostat indicate that the unemployment rate in Cyprus ...

Feb, 01

Electricity Authority of Cyprus to start charging interest on delayed bills

A euro fine per day per 100 euro owed.

Jan, 11

Cyprus faces record high unemployment rate

According the statistical data made public yesterday by Eurostat, unemployment in Cyprus has reached a record breaking rate of 8.2% in October (an increase of 0.3% from September). The change is a result of the ...

Dec, 01

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